Oklahoma § 36-996 - Assigned risks
Full text of Oklahoma Oklahoma Statutes § 36-996 — Assigned risks, with citation guidance and answers to common questions.
§ 36-996. Assigned risks
Assigned Risks. A. Agreements may be made among insurers with
respect to the equitable apportionment among them of costs for
insurance which may be afforded applicants who are in good faith
entitled to, but who are unable to procure, such insurance through
ordinary methods, and such insurers may agree among themselves on
the use of reasonable rate modifications for such insurance, such
agreements and rate modifications to be subject to the approval of
the Insurance Commissioner.
B. The Oklahoma Automobile Insurance Plan is authorized to
issue policies of insurance in the name of the plan for the
applicants described in subsection A of this section and to act on
behalf of all participating members in connection with the policies.
The policies shall be considered proof of financial responsibility
in accordance with Section 7-600 of the Highway Safety Code.
C. The participating members shall be liable to the plan for
all costs, expenses and liabilities in proportion to its share of
voluntary market premium for the types of policies written under the
plan in this state.
D. The plan shall file an annual audited financial statement
with the Commissioner.
E. The Commissioner is authorized to establish rules and
regulations required to implement the purposes of this section.
Added by Laws 1999, c. 83, § 16, eff. Nov. 1, 1999. Amended by Laws
2007, c. 125, § 5, eff. July 1, 2007; Laws 2021, c. 478, § 4, emerg.
eff. May 12, 2021.
Frequently Asked Questions About Oklahoma § 36-996
What does Oklahoma Statutes § 36-996 cover?
Section 36-996 ("Assigned risks") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-996?
A common citation format is "Oklahoma Statutes § 36-996" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-996 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.